All Forum Posts by: Scott Royer

I found a completely remodeled duplex at a steal of a price.  It meets all of my criteria except one, it is in a flood zone. This flood zone happens to be in and up and coming area around a favorable market.

With the flood insurance included in my expenses, the property will provide a 18% year over year return.  Am I being too particular about wavering on this property because of the inherent risk?  Or will the insurance minimize my risk? The cash seems too good to pass up, so I will appreciate hearing what others have to say on the topic.

My wife and I started a partnership LLC. We are trying to figure out how to split up ownership, should we do 50/50 or 51/49? Our friends do investment properties but the husband is the primary person that does the work and managing. They did the 51/49 split to give him more freedom to make decisions without having to have his wife present.

My wife's W2 job makes her unavailable most of the time, so I am curious what the ramifications are if we chose to do a 50/50 partnership or a 51/49 partnership.  I am curious what the pros and cons of each are.  Thanks!